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TipTVFinance TipTVFinance US30, D,
US30: Possible Head and Shoulder on Dow Jones
54 0 1
US30, D
Possible Head and Shoulder on Dow Jones

Daily Chart -Possible Head and Shoulder formation We could be heading back to 17,950-18,000 levels if the index manages to see a daily close above 17,606 levels (previous day's low). That would indicate the index is forming a head and shoulder, which of course partly depends on a failed attempt to take out 17,950-18,000. Meanwhile, if the index drops below ...

CapitalTA CapitalTA SPX500, 15, Short ,
SPX500: SELL S&P500 1871 STOP 1880 TARGET 1840/1830
104 1 0
SPX500, 15 Short
SELL S&P500 1871 STOP 1880 TARGET 1840/1830

Trading near the channel and the neckline resistance, Short term trend is down and any recovery may face sell offs again. Yes there is short covering or fresh buying seen from lower levels but I feel with smaller stops this trade is worth taking a chance. Regards, SP CapitalTA

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